India aims to achieve 5 trillion-dollar economy

The Government of India, under Prime Minister Narendra Modi, set an ambitious goal to make India a $5 trillion economy by the year 2024–2025.

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What does a $5 trillion economy mean?

• It refers to the total GDP (Gross Domestic Product) of the country reaching 5 trillion US dollars.

• This would place India among the top 3 economies in the world, after the US and China.

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 Timeline & Target:

• The goal was first announced around 2019.

• Target Year: 2024–2025

• Focus areas to achieve this goal:

  • Boost in manufacturing

  • Digital economy and startups

  • Infrastructure development

  • Increase in exports

  • Ease of doing business

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 Current Status (as of 2025):

• Due to factors like COVID-19, global economic slowdown, and inflation, the progress has been delayed.

• Achieving the $5 trillion mark might now extend to 2026-27 or later, but the original target set by the government remains 2024–2025.

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✅ Therefore,

Correct Answer: B) 2024–2025.